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3 Minera Los Mantos copper oxides production Mineral exploration and production Description: Minera Los Mantos produces copper oxides for sale to the Empresa Nacional de Minería (ENAMI). It has 1,000m of vertical reverse air probes as well as geological and mineralogical reports. In addition, it has a plant with a capacity to process 16,200 tonnes/month of copper oxide and produce 175 tonnes/month of cathodes. The company aims to extend its drilling campaign and start operation of the mine-plant project. Proponent: Minera Los Mantos has a 14-year rental contract on two mining properties, with a total area of 84 hectares, for the project s development. In the past, these properties were exploited by artisan miners and ore grades average 1%-2%. Project coordinator(s): Mario Parada. Location: Tocopilla municipal district, Tocopilla Province, Antofagasta Region, some 35 km east of the city of Tocopilla (Sierra Ojeda sector). Area/capacity: 84 hectares at approximately 1,500 meters above sea level. Estimated investment: Sale of total project: US$25,000,000. Starting date: To be decided by investors. Contact: Mario Parada, Source: Mario Parada. Late updated: April 2014.

4 Iron ore and scandium mine project Mineral exploration and production Description: Iron ore and scandium mine project, with a completed scoping study. It contains 980 million tons with an average ore grade of 28.31% Fe and 83 g/t Sc (following iron ore concentration). Detailed engineering has been completed for both the mine and the iron ore and scandium plant. Project: Private initiative developed by Mineria Activa, mining private equity firm backed with Chilean capital. Project coordinator: Mineria Activa SpA Location: Region of Atacama, near Vallenar. It is located just 40km from the coast/port. Length/capacity: The project is expected to produce 8 million tons per year of pellet feed 69% Fe, over a useful life of years. Estimated investment: According to the Scoping Study, the project will require an investment of US$2.4 billion over the entire life of the mine, with a Net Present Value of US$2 billion. Start date: Construction of the project is excepted to begin in Type of concession: The project is for sale. Contact: Pedro Pablo Mir : Ignacio del Río : Source: Minería Activa SpA. Date of last update: December 2013.

5 Minera Comahue copper production Exploration and extraction activities Description: Minera Comahue exploits copper oxides and sells its output to the Empresa Nacional de Minería (ENAMI). It has 4,053 m of reverse circulation air probes and geological, geochemical and metallurgical reports and is seeking to increase its production scale, install a leaching plant and expand its drilling campaign. Proponent: Minera Comahue is a mineral deposit whose mining concessions are wholly owned by the Flores Varas family. Exploitation began in 2008 through rental to third parties and is currently administered by the owner, with an output of 2,000 tonnes per month and average ore grades of 1.8% and 2% Cu Sol. Project coordinator(s): Marcelo Flores Varas, General Manager. Location: In the Antofagasta Region, 30 km northeast of the regional capital, close to the Mantos Blancos mine; access is from highways, with easy access to drinking water, electricity and ports. Area: Over 2,000 ha at 820 MASL. Estimated investment: Drilling campaign: US$7 million; plant: US$2 million. Starting date: Second half Contact: Marcelo Flores Varas, General Manager, tel: Source: Economic Development Agency (CORFO). Last updated: June 2013.

6 Boquerón Chañar Iron Deposits Description: Chile s Production Development Agency (CORFO) offers properties for mining that are registered and have been surveyed. Two mining properties - Chañar I al 4.25 and El Paico 1 al owned by CORFO close to Vallenar, Copiapó and Huasco with a total of 3,414 titles. Both properties contain important iron reserves, estimated to reach between 173 million and 304 million tonnes, at a depth of meters. The project was studied by the former Geological Research Institute - now the National Geological and Mining Service (SERNAGEOMIN) - and CORFO between 1961 and 1969, by France s SOFREMINES in 1968, subsequently, by other organizations - CAP and McKee - between 1971 and 1972, and currently it has updated studies developed in Proponent: Public. Exploration and extraction activities Project coordinator(s): Economic Development Agency (CORFO). Location: Boquerón Chañar III, Atacama Region. Extension/capacity: 17,032 hectares. Estimated investment: Under analysis. Starting date: Second half of Duration: Transfer of concession. Type of concession: Transfer of total area under acquisition option or another method. Contacto: CORFO: Leonardo Valenzuela, tel: Source: Economic Development Agency (CORFO). Last updated: April 2014.

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